It's shaping up to be a solid year in the U.S. housing sector. But beneath this calm surface, the U.S. mortgage industry is facing a crisis.

Wells Fargo’s new commercial mortgage securitization of $757.1 million in notes includes backing from a key property centered on gentrification efforts in Queens.

Fannie Mae obtained reinsurance on $14.4 billion of residential mortgage through its Credit insurance Risk Transfer program.

A pool of credit card receives issued by Group BPCE’s Natixis Financement unit are being securitized in the second-ever issuance through the Purple Master Credit Cards, FCT in France. The €651 million transaction mostly consists of €550 million in a Class A2016-1 series of notes.

Citigroup is shopping $540 million of bonds backed by a portfolio of 102 self-storage facilities.

Zopa, an online lender based in the U.K., is marketing £138 million of bonds backed by unsecured consumer loans, according to Moody’s Investors Service.

Some big investors are keeping their powder dry in the event that an exogenous event roils the financial markets; in the meantime, it’s a challenge to put money to work in assets that produce decent returns without taking on excessive risk.

While the U.S. CLO market sputters behind its 2015 pace, European collateralized loan obligation deals this year are leading the 2015 clip by a nose. But don’t expect that comparably healthy advantage to translate into a rush of Euro-denominated deals by year’s end.

Two recent court decisions that curtailed controversial debt collection and payday lending policies could wind up impacting leading marketplace lenders, no matter their distance from such abusive and predatory practices.

The expanding investor base for Connecticut Avenue Securities and Structured Agency Credit Risk notes is creating a kind of virtuous circle: as trading volume increases, banks are dedicating traders to the asset class

For investors who were intrigued by the launch of Verizon’s first-ever handset securitization offering in July, an executive for one of the deal’s underwriters deal had a message: Stay tuned.

Early fears that Wall Street landlords might have trouble refinancing their holdings of large portfolios of single family rental homes have proven unfounded.